The Federation of Automobile Dealers Association on Thursday launched a credit card in association with the ICICI bank.
Why is the RBI harsh on Paytm Payments Bank? Why did it give Rana Kapoor of Yes Bank Ltd such a long rope?Often, it's a long investigation process, but the RBI doesn't discuss this openly since that can threaten financial sector stability, explains Tamal Bandyopadhyay.
Do you often miss payments? Do you exceed your credit limit? You are just the kind of customer credit card companies are looking out for!
ICICI Bank on Saturday launched the Visa 'mini card', India's first miniature-sized payment card.
We asked readers to send in their opinion on the advantages and disadvantages of credit cards and debit cards. Here's what four GA readers have to say about the subject.
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Of the 11 licence holders, only eight remain in the fray as concerns about profitability and rising competition are making them think twice before jumping in.
The Reserve Bank of India (RBI) plans to bring global payment systems such as MasterCard International and Visa International under its regulatory framework.
In the wake of scrapping of old Rs 500/1,000 banknotes, Niti Aayog has asked National Payments Corporation of India to frame a new scheme to incentivise digital payments.
To be smart with your credit card and avoid falling into a debt trap you need to know the rules of the credit card usage.
Reports suggest this lot could fetch the cybercriminal as much as $130 million upon sale.
Use credit cards with discretion and try to generate a net monthly surplus to avoid falling into a debt trap
Lenders get a clear idea about your financial health, risk profile and personality trait
It is possible that this experiment might see a rise in the Union government's cost incurred on tax concessions, without any increase in the tax base or coverage, says A K Bhattacharya.
You may forget about your mistakes but CIBIL keeps an eye and maintains a record of each and every transaction right from your first credit card!
Here's why VCCs are the best options for credit and debit card holders for avoiding phishing and frauds
Multiple levels of integrations with the bank servers are required for enabling transactions.
The scheme would check fake payments made under National Rural Employment Guarantee Act and ensure that the officials don't fudge the workers' wages, state rural development department sources said. Launched from Dharhar village of Paliganj area in Naxalite-hit Jehanabad district recently, the 'E-Shakti' scheme promises to cover each worker with smart cards carrying details about duration of work, the wage earned, photograph and registration number of the beneficiary.
Net1's chief executive and chairman Serge Belamant said the Indian government was interested in the biometric verification technology that the company has been using in South Africa.
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Recently, the central bank has asked online cab service provider Uber to rework its billing system to enable two-step authentication system. Following this, many have dubbed the central bank's decision as regressive.
American Express on Wednesday launched a new scheme offering its co-branded card to domestic travellers at airports with a commitment to deliver the card the same day for returning passengers.
After the Amendment Bill is passed by Parliament and comes into effect, businesses like casinos would also come under a legal obligation to report their activities in the country. For fighting the menace of terrorism, the Bill introduces new category of offences which have cross-border implications. The draft legislation also empowers the Enforcement Directorate 'to search premises immediately after the offence is committed.'
With a surge in users and transactions in two weeks, payment wallets step up cashbacks to get more users online.
Here's the lowdown on how to choose a credit card that best suits your wallet.
The Central Board of Direct Taxes is considering a proposal to widen the ambit of the Annual Information Return to cover cash cards issued by non-banking financing companies in the country, official sources said. The AIR currently covers seven kinds of transactions, including cash deposits in savings bank accounts of over Rs 10 lakh in a year, credit card billing of over Rs 200,000 a year and purchase of property over Rs 30 lakhs (Rs 3 million).
As part of Budget 2013-14 proposals, it is considering widening the scope of source-based taxation to more areas to improve reporting mechanism for transactions.
"You can download mobile applications provided by banks on your phones and I want to urge political leaders, teachers, youth to give training to people on mobile banking," Modi said.
If your loan was rejected because you had just 'settled' your outstanding dues and not 'closed' it altogether, then here's how you can get this loan approved.
At issue size of Rs 10,355 cr, the offering will be Asia's biggest this year and fifth-largest domestically.
Making life easier for people, the Reserve Bank on Thursday allowed holders of pre-paid payment cards, to deposits school and college fees and pay taxes in addition to buying rail and air tickets within the prescribed limit of Rs 10,000.
Banks shall not charge fees for transactions settled on IMPS and UPI in excess of rates charged for NEFT for transactions above Rs 1,000, the order said.
The Bharat Interface For Money app was launched on the iOS platform earlier this month. It is also available on the more popular Android platform. There have been over 17 million downloads of the BHIM app so far.
We asked colleagues, present and past, to reflect on a man who has made such a difference to their lives and careers. Here it is then, a rich collection of memories that offer enchanting glimpses of the enigmatic Ajit Balakrishnan.
While most banks in India store all this data on Indian servers in their core banking systems, the current directive addresses new-age payment and fintech companies operating in the space
'Most of the bot attacks have originated from outside India.' 'Our firewalls are resilient and withstood the attacks.'
The devotion to the deity is such that even commerce is not untouched by the spiritual feel in the holy city. Images of the grand temple is finding places even on visiting cards, posters, calendars and even signages.
Many of us have the tendency to just pay the amount due, without caring to give the bill a proper reading.
There are several conditions that banks look at before giving out credit cards. Here's what you must know before applying for a credit card.
Debit cards may have made it easy for us to forgo carrying any cash. Only, these cards have transactional hazards and are known to have let down their users on occasions.
Two hundred Malaysians are now among the first in the world to pay for goods and services using their cellular phones which can act as extensions of their Visa credit cards.
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A discount on the product may make a credit card loan seem cheaper than a consumer durable loan. But missing a payment in case of the former will mean exorbitant charges.
